Residential Income
151 South Main Street Phillipsburg, NJ 08865
151 South Main Street, Phillipsburg, NJ, 08865
$270,000
For Sale
$270,000
For sale duplex structured as a residential income property at 151 South Main Street.
Property Size999 SF
Price / SF$270.27
Days on Market15
Property Features for 151 South Main Street
General Information
- Standard status
- Active
- Size
- 999 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 9999
Listing agency
KELLER WILLIAMS REAL ESTATE
(908) 751-7750
Listed by
GREGORY EISENHART · License #302525
(908) 751-7750
Source
Compass
Added: Jul 7 Updated: Jul 21 at 5:51AM Checked: Jul 21 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale residential income property is offered as a duplex, falling within multifamily and residential income use types. The asset is listed for sale at 151 South Main Street.
Located in Phillipsburg, NJ, the property’s published information identifies it as a residential duplex configuration suitable for income-oriented ownership. Additional details on unit layout, condition, and features were not provided in the available data.
Prospective purchasers should review the full offering materials to confirm the exact duplex configuration and any operational or improvement details relevant to underwriting and ownership.
Located in Phillipsburg, NJ, the property’s published information identifies it as a residential duplex configuration suitable for income-oriented ownership. Additional details on unit layout, condition, and features were not provided in the available data.
Prospective purchasers should review the full offering materials to confirm the exact duplex configuration and any operational or improvement details relevant to underwriting and ownership.
Key Highlights
- Duplex residential income property at 151 South Main Street
- Basement available (unfinished)
- Vinyl siding exterior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.2k | $22.20 |
| − Vacancy | −$1.2k | −$1.15 |
| EGI | $21.0k | $21.05 |
| − OpEx | −$6.3k | −$6.31 |
| NOI | $14.7k | $14.73 |
999 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.2K
$184.0K – $245.3K
NOI $14,717 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,223 @ 7.0% cap · market cap 4.90%
Theoretical Best
Warehouse
$376.9K
$329.8K – $439.7K
NOI $26,383 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale duplex structured as a residential income property at 151 South Main Street.
Where is this duplex located?
The property is located at 151 South Main Street Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Duplex residential income property at 151 South Main Street; Basement available (unfinished); Vinyl siding exterior
